FAB joins China’s CIPS to boost RMB cross-border payments

By Vriti Gothi

First Abu Dhabi Bank (FAB) has joined the Cross-border Interbank Payment System (CIPS) as a Direct Participant (DP). CIPS is China’s official cross-border Renminbi (RMB) payment system.

This position enables FAB to provide real-time RMB payment services with greater speed, security, and operational efficiency. The development strengthens FAB’s role in advancing regional and global financial connectivity, particularly across the high-growth China-UAE and wider GCC trade corridors.

FAB’s integration with CIPS enables RMB clearing and settlement capabilities, supported by a robust digital infrastructure that meets the demands of modern global commerce. The move builds on FAB’s presence in Asia.

The positioning allows FAB to support clients with localised banking services in China, while offering end-to-end RMB solutions across its global network, bridging markets and supporting bilateral trade flows in one of the world’s most dynamic financial corridors.

FAB’s participation in CIPS underscores its long-term commitment to building the infrastructure, platforms, and partnerships that drive global financial integration. As demand for RMB-denominated trade and investment grows, FAB is actively investing in scalable technologies and strategic linkages to ensure clients can confidently navigate evolving markets.

Hana Al Rostamani, Group Chief Executive Officer at FAB, said: “With a fully licensed branch in Mainland China, FAB holds a unique position among UAE banks, enabling it to lead on the integration of the Renminbi into our existing global banking service offering. Our direct participation in CIPS significantly enhances our ability to provide faster, more secure and efficient RMB payment solutions and deliver real-time settlement capabilities. This development reinforces our leadership in regional cash management and clearing. It also strengthens FAB’s role as a trusted financial infrastructure partner for clients transacting between China, the UAE and the broader MENA region. As cross-border transactions accelerate, we remain committed to delivering the infrastructure and innovation that enable financial connectivity at pace.”